|Over a week ago|
Fly Intel: Top five weekend stock stories » 18:4705/1005/10/20
TSLA, GILD, RF, SNV, FFWM, ACBI, TCF, CFG, PB, BXS, TD, BMO, IBTX, PFE, CTLT, LZAGY, TMO, BYD, TCEHY, BABA, JD, EQIX, QTS, AMT, SBAC, ARE, PLD, DEI, AVB, EQR, ADC, FCPT
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. In a blog post, Tesla (TSLA) said that, "Contrary to the Governor's recent guidance and support from the City of Fremont, Alameda County is insisting we should not resume operations. This is not for lack of trying or transparency since we have met with and collaborated on our restart plans with the Alameda County Health Care Services Agency. Unfortunately, the County Public Health Officer who is making these decisions has not returned our calls or emails. [...] the County's position left us no choice but to take legal action to ensure that Tesla and its employees can get back to work. We filed a lawsuit on May 9 asking the court to invalidate the County Orders, to the extent the County claims they prevent Tesla from resuming operations. Meanwhile, CEO Elon Mush said in a series of tweets that, "Tesla is filing a lawsuit against Alameda County immediately. The unelected & ignorant "Interim Health Officer" of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense! [...] Frankly, this is the final straw. Tesla will now move its HQ and future programs to Texas/Nevada immediately. If we even retain Fremont manufacturing activity at all, it will be dependent on how Tesla is treated in the future. Tesla is the last carmaker left in CA." 2. The U.S. Department of Health and Human Services said it would allow state health departments to distribute Gilead Sciences' (GILD) remdesivir drug to fight COVID-19, and the U.S. would receive about 40% of the drug maker's global donation, according to Reuters. 3. The U.S. has lost nearly 40% of its banks since the financial crisis, largely due to industry consolidation, and many industry observers see the trend resuming once the nation's health crisis passes and economic activity begins to normalize, Carleton English wrote in this week's edition of Barron's. The publication identified at least six potential targets, namely Regions Financial (RF), Synovus Financial (SNV), First Foundation (FFWM), Atlantic Capital (ACBI), TCF Financial (TCF), and Citizens Financial (CFG). On the potential buyers side, Barron's highlights Prosperity Bancshares (PB), BancorpSouth Bank (BXS), Toronto-Dominion Bank (TD), Bank of Montreal (BMO), and Independent Bank (IBTX). 4. Pfizer (PFE) said it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an experimental vaccine to prevent COVID-19, should it prove safe and effective, Reuters' Carl O'Donnell and Michael Erman reported. The U.S. drugmaker is tapping its network of around 200 outside contractors, which includes Catalent (CTLT), Lonza Group (LZAGY), and Thermo Fisher Scientific (TMO), to play a bigger role in producing some of its existing medicines, Mike McDermott, president of global supply at Pfizer, told Reuters in an interview. 5. Boyd Gaming (BYD), Tencent (TCEHY), Alibaba (BABA), JD.com (JD), Equinix (EQIX), QTS Realty (QTS), American Tower (AMT), SBA Communications (SBAC), Alexandra Real Estate (ARE), Prologis (PLD), Douglas Emmett (DEI), AvalonBay Communities (AVB), Equity Residential (EQR), Agree Realty (ADC), and Four Corners (FCPT) saw positive mentions in this week's edition of Barron's.
Equinix, QTS Realty among REITs for a recovering economy, Barron's says » 10:3305/0905/09/20
EQIX, QTS, AMT, SBAC, ARE, PLD, DEI, AVB, EQR, ADC, FCPT
Equinix (EQIX), QTS…
Equinix (EQIX), QTS Realty (QTS), American Tower (AMT), SBA Communications (SBAC), Alexandra Real Estate (ARE), Prologis (PLD), Douglas Emmett (DEI), AvalonBay Communities (AVB), Equity Residential (EQR), Agree Realty (ADC), and Four Corners (FCPT) are among real estate investment trusts that hold appeal for their growth trends of value, Daren Fonda writes in this week's edition of Barron's. Reference Link
QTS Realty Trust CEO sells 241.8K shares of common stock » 17:1405/0805/08/20
In a regulatory filing,…
In a regulatory filing, QTS Realty Trust disclosed that its CEO Chad Williams sold 241.8K shares of common stock on May 6th in a total transaction size of $15.8M.
Fly Intel: Top five analyst upgrades » 10:1005/0405/04/20
BIG, CONE, QTS, SO, CLGX, PCG
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Big Lots (BIG) upgraded to Outperform from Market Perform at Telsey Advisory. 2. CyrusOne (CONE) and QTS Realty Trust (QTS) upgraded to Buy from Hold at Jefferies. 3. Southern Company (SO) upgraded to Neutral from Underperform at Credit Suisse with analyst Michael Weinstein saying he believes much of the risk of major delays and return on equity penalties for the Vogtle new nuclear project are priced in after the stock's recent underperformance. 4. CoreLogic (CLGX) upgraded to Buy from Neutral at Compass Point with analyst Chris Gamaitoni saying the company's business model is "relatively insulated" from direct COVID-19 impacts. 5. PG&E (PCG) upgraded to Buy from Neutral at UBS with analyst Dan Ford saying he sees the stock trading at a "favorable upside/downside skew of 4:1," with its downside limited by constituent and regulatory support as well as the pricing of an equity backstop commitment at $10 per share. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
QTS Realty Trust, CyrusOne upgraded to Buy on WFH boost at Jefferies » 06:4105/0405/04/20
As previously reported,…
As previously reported, Jefferies analyst Jonathan Petersen upgraded QTS Realty Trust (QTS) and CyrusOne (CONE), each to Buy from Hold, given his view that the "work-from-home" digital transformation "has staying power" and that enterprise applications that have been put in the cloud to enable more efficient work-from-home are likely never coming out. QTS has a strong backlog of leasing that should drive sector-leading earnings growth, he contends. Meanwhile, for CyrusOne, he expects accelerating growth as hyperscale data center leasing picks up. Petersen raise his price target on QTS Realty shares to $75 from $55 and increased his target on CyrusOne to $81 from $58.
QTS Realty Trust upgraded to Buy from Hold at Jefferies » 04:5405/0405/04/20
Jefferies analyst Jonathan Petersen upgraded QTS Realty Trust to Buy from Hold with a $75 price target.
QTS Realty Trust target raised to $70 on 'solid' Q1 at JPMorgan » 07:4104/3004/30/20
JPMorgan analyst Richard…
JPMorgan analyst Richard Choe raised the firm's price target on QTS Realty Trust to $70 from $68 and keeps an Overweight rating on the shares. The company reported "solid" Q1 results and is seeing solid demand for colocation, hyperscale and interconnection services, Choe tells investors in a research note.
QTS Realty Trust downgraded to Market Perform from Outperform at Raymond James » 07:3904/2904/29/20
Raymond James analyst…
Raymond James analyst Frank Louthan downgraded QTS Realty Trust to Market Perform from Outperform without a price target. In a research note to investors, Louthan says QTS has seen strong success recently from COVID-19 related activity, with limited impacts from highly vulnerable customer segments so far, but thinks the potential for a weaker economic scenario is concerning, as he believes some amount of near term activity is being pulled forward by hyperscale as well as more vulnerable enterprise customers.
QTS Realty Trust downgraded to Market Perform from Outperform at Raymond James » 06:3004/2904/29/20
Raymond James analyst…
Raymond James analyst Frank Louthan downgraded QTS Realty Trust to Market Perform from Outperform.
|Over a month ago|
QTS Realty Trust sees FY20 operating FFO $2.69-$2.83, consensus $2.69 » 16:1204/2704/27/20
Sees FY20 revenue…
Sees FY20 revenue $523M-$537M, consensus $530.83M. Sees FY20 adjusted EBITDA $275M-$285M. In addition, the Company is reaffirming its FY20 cash paid for capital expenditures guidance $550M-$600M, excluding acquisitions. The Company's 2020 capital expenditure guidance includes its proportionate share of cash capital expenditures associated with the unconsolidated joint venture.